Sunday, August 5, 2007

2929 Dexter Street, lil fraud going on??


This 1,072sf brick Ranch style home sold 09/2006, $228,000 with $6,840 in concessions according to MLS.
On 11/13/2006 it sold again for $370,000, not in MLS, 80/20 loan through homecomings.
It is now listed in MLS $329,900.
No wonder Wallstreet wont take anymore mortgage backed securities.

2 comments:

RE.Agent said...

It's a new paradigm, and everybody who doesn't buy, now, will be priced out forever. Anybody who does buy will be rewarded with a lifetime of riches, as their property will continue its 30% yearly price increase.

Renters, and anybody born in a future generation, will not be able to afford a $10,000,000 starter home in 15 years. They will live in tent cities, and Hondas.

This asset bubble is different than all of the others - it will never slow down, or pop. The gains are permanent.

anon said...

^ You're being sarcastic, right?